“The medical necessity issue that starts in the ED — the decision to either admit a patient from the emergency department (ED) into the hospital for specialized care or place them under observation in the ED — is one that every CFO should be examining very closely, as it could end up costing them millions of dollars, either in retroactive audits or in revenue they aren’t even aware they could be generating,” said Dr. Jim Fox, emergency physician at St. John Health System in Detroit, MI and member of the American College of Emergency Physicians (ACEP) reimbursement committee since 1995. “By providing more accurate documentation to defend admissions decisions, CareBridge has the potential to make an enormous impact on a hospital’s bottom line, which has never been more critical.”
“We designed CareBridge based on feedback from our customers who identified the admission vs. observation decision as a critical piece of their financial futures,” said Mike DeTolla, Senior Vice President, LYNX Medical Systems, a Picis Company. “With hospital executives today facing a range of challenges, we’re proud to be the first to deliver a solution that increases their bottom line by tackling this medical necessity issue head on at the point of care, so that they can continue to focus on investments that help improve the quality of patient care.”
About LYNX Medical Systems
LYNX Medical Systems, a Picis company, provides software and services that help healthcare organizations charge for and code emergency and clinic care. LYNX revenue management solutions help improve outpatient and inpatient clinical documentation, reduce compliance risk, and promote accurate and consistent code assignment for appropriate reimbursement. LYNX revenue management solutions currently help more than 600 hospitals manage more than 21 million patient encounters in the U.S. annually.
About Picis
Picis is a global provider of innovative information solutions that enable rapid and sustained delivery of clinical, financial and operational results in the acute care areas of the hospital. These high-acuity areas include the emergency department, operating and recovery rooms, and intensive care units. Picis offers the most advanced suite of integrated products focused on these life-critical areas of the hospital where the patients are the most vulnerable, the care process is the most complex and an increasing majority of hospital costs and potential revenue are concentrated. Headquartered in Wakefield, Massachusetts, Picis has licensed systems for use in more than 1,800 hospitals in 19 countries. For More information, visit www.picis.com .
